Revlon, Inc. (REV) Short Interest Update
Revlon, Inc. (NYSE:REV) was the recipient of a significant growth in short interest in August. As of August 15th, there was short interest totalling 2,232,948 shares, a growth of 100.8% from the July 31st total of 1,112,026 shares. Based on an average daily trading volume, of 510,985 shares, the short-interest ratio is currently 4.4 days. Currently, 28.0% of the shares of the stock are short sold.
Revlon (NYSE REV) opened at 16.60 on Thursday. The stock’s 50 day moving average is $19.62 and its 200-day moving average is $24.30. Revlon has a one year low of $15.60 and a one year high of $37.96. The firm’s market cap is $873.41 million.
Revlon (NYSE:REV) last announced its quarterly earnings results on Friday, August 4th. The company reported ($0.46) earnings per share for the quarter. Revlon had a negative return on equity of 3.09% and a negative net margin of 4.35%. The business had revenue of $645.70 million during the quarter. On average, equities research analysts expect that Revlon will post $1.80 earnings per share for the current fiscal year.
Separately, BidaskClub lowered shares of Revlon from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th.
In related news, Director Ronald O. Perelman bought 255,681 shares of the business’s stock in a transaction on Tuesday, June 20th. The shares were purchased at an average price of $22.94 per share, for a total transaction of $5,865,322.14. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ronald O. Perelman bought 347,028 shares of the business’s stock in a transaction on Monday, June 12th. The stock was bought at an average price of $19.59 per share, for a total transaction of $6,798,278.52. The disclosure for this purchase can be found here. Insiders acquired 2,065,133 shares of company stock worth $41,902,874 in the last 90 days. Company insiders own 78.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of REV. Mittleman Brothers LLC boosted its position in Revlon by 1.0% in the second quarter. Mittleman Brothers LLC now owns 2,304,282 shares of the company’s stock worth $54,611,000 after buying an additional 22,111 shares during the period. Dimensional Fund Advisors LP boosted its position in Revlon by 3.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,049,676 shares of the company’s stock worth $24,878,000 after buying an additional 33,969 shares during the period. Vanguard Group Inc. boosted its position in Revlon by 4.1% in the second quarter. Vanguard Group Inc. now owns 1,002,936 shares of the company’s stock worth $23,770,000 after buying an additional 39,526 shares during the period. State Street Corp boosted its position in Revlon by 3.6% in the second quarter. State Street Corp now owns 237,381 shares of the company’s stock worth $5,626,000 after buying an additional 8,268 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in Revlon by 1,885.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 162,426 shares of the company’s stock worth $3,849,000 after buying an additional 154,244 shares during the period. Institutional investors and hedge funds own 13.99% of the company’s stock.
Revlon, Inc manufactures, markets and sells around the world a range of beauty and personal care products, including color cosmetics, hair color, hair care and hair treatments, as well as beauty tools, men’s grooming products, anti-perspirant deodorants, fragrances, skincare and other beauty care products.
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